People's Bank currency sheet

People's Bank currency sheet

Before the Civil War, there was no National Bank. Instead, states had their own banking systems that printed their own money. This currency sheet -- which includes $1, $2, $3 and $5 notes -- was printed for the People's Bank of St. Peter. In 1859, the Minnesota-based People's Bank printed 7,000 of these currency sheets. Four years later, the U.S. government passed the National Banking Act. National currency soon replaced state currency.